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Weak economic data not suggestive of a bear market: DBS Bank’s Hou

Recent weak US macro data showing an increased level of muted economic activities don’t necessarily translate into a sustained bear market, according to Hou Wey Fook, CIO of DBS Bank. The assumption that weak macro data translate into a prolonged equity bear market is “simplistic and does not hold relevance in today’s environment”, Hou said in the bank’s latest investment…

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